Redhawk Wealth Advisors Inc. Has $22.83 Million Stake in Invesco S&P 500 Quality ETF $SPHQ

Redhawk Wealth Advisors Inc. increased its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 22.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 253,355 shares of the company’s stock after buying an additional 45,953 shares during the quarter. Invesco S&P 500 Quality ETF comprises approximately 2.2% of Redhawk Wealth Advisors Inc.’s holdings, making the stock its 4th largest holding. Redhawk Wealth Advisors Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $22,827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. MTM Investment Management LLC bought a new position in Invesco S&P 500 Quality ETF during the fourth quarter valued at $26,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the 1st quarter worth about $27,000. Bell Investment Advisors Inc purchased a new position in shares of Invesco S&P 500 Quality ETF during the 1st quarter worth about $28,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter worth about $29,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Invesco S&P 500 Quality ETF during the 4th quarter valued at about $33,000.

Invesco S&P 500 Quality ETF Trading Up 0.0%

Shares of NYSEARCA:SPHQ opened at $85.99 on Tuesday. Invesco S&P 500 Quality ETF has a 12 month low of $71.40 and a 12 month high of $90.36. The company has a market capitalization of $19.75 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. The firm’s 50-day moving average is $86.65 and its 200 day moving average is $81.97.

About Invesco S&P 500 Quality ETF

The Invesco S&P 500 Quality ETF (SPHQ) is an exchange-traded fund that is based on the S&P 500 Quality index. The fund tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.